$2,000 Gold & $50 Silver Quite Likely This Year – Here’s Why
Written by Egon von Greyerz of Gold Switzerland. Gold is in a hurry and is unlikely to wait for investors to acquire it at anywhere near these prices. We could now see a quick move to $1,400 and if gold doesn’t stay too long at that level, the acceleration is likely to continue towards the previous high […]
Silver Prices Are Slightly Higher
The short-term trend is bullish above Thursday’s low of $15.16 and as long as this low is respected by traders, silver prices may drift higher. On a breach to Thursday’s low of $15.16, the trend may turn bearish and a decline to the March 3 low of $14.87 may come into play. The bullish trend […]
How To “Pre-Trade” FOMC Days
The biggest movers on FOMC days are the Dollar Index, Investment-grade credit, Homebuilders and Real Estate, according to Goldman Sachs’ options strategists. We analyze the median 1-day moves on FOMC release days across broad based US equity indices, sectors, and country ETFs over the last year, and also back to January 2010, to rank the assets by […]
Get The Scoop On The Top 4 Financial Assets To Trade This Week
Zhou Xiaochuan Expects Prudent Monetary Policy with Loosening Bias….. In case you’re wondering who Mr Xiaochuan is, he is the Governor of the People’s Bank of China. His opinion is currently as important as that of Mario Draghi of the European Central Bank, or Janet Yellen of the Federal Reserve Bank. While the impact of […]
E GW Pharmaceuticals Soars On Positive Phase 3 Results
Today shares of GW Pharmaceuticals plc (GWPH) are up for more than 124% after the company announced positive phase 3 results for a trial using its drug Epidiolex. The drug was able to meet the primary endpoint of the study, reduction of seizures compared to a placebo compound over the course of the entire trial […]
The Chart Every 25-Year-Old Should Ignore
The ongoing quest by Wall Street to annuitize their income streams by convincing masses of unwitting individuals to stick their hard earned “savings” into volatile investments and forget about them for an annual fee continues. The latest comes from JP Morgan. (Explanation by Andy Kiersz via BI) “JPMorgan shows outcomes for four hypothetical investors who invest $10,000 a year at […]
Lannett Drops After ‘Unanticipated Market Softness’ Prompts Guidance Review
Shares of Lannett Company (LCI) slid in early trading after the company said it would review its sales guidance for fiscal year 2016. The generic drug maker also said it is in talks to re-establish business relations with a key customer. WHAT’S NEW: Citing “unanticipated market softness,” Lannett said it would review its sales guidance […]
The FTSE 100 May Be About To Break Its Range
The FTSE 100 is trapped between last week’s low of 6002 (ECB rate meeting low) and the March 4 high of 6221. On a breach to the upper end of this range, price may reach the December 29 high of 6322 followed by the December 12 high of 6449. On a break to last week’s low of […]
Weekly Forex Forecast – March 14, 2016
USD/CAD The USD/CAD pair fell during the course of the week, testing a significant uptrend line in this pair. It is because of this that I feel we need to pay attention to this market over the next week or so. I also believe that the 1.30 level just below will be massively supportive, so […]
Bear Of The Day: Fifth Third Bancorp
At the beginning of the year, regional bank stocks like Fifth Third (FITB – Analyst Report) looked to be prime position. The prospect of higher interest rates was going to boost companies in this sector by increasing the spread between what they paid out on deposits, and what they could earn on loans. What a difference a […]
